Chart of The Day $USDCAD 10-10-2016

On the USDCAD daily chart we see the pair rejected for the third time by upper rising wedge line this time 1.3300 level and is now locked in a tight range 1.3100 and 1.3300. We need to see a break below 1.3100 for a test of lower wedge line 1.2900 level. This level now is the only resistance left before the 1.2400 lower.

Happy trading! (click on the chart to enlarge it)



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